The Bureau is finalizing
comprehensive consumer protections for prepaid accounts under Regulations E and
Z, including tailored provisions governing disclosures, limited liability and
error resolution, periodic statements, and the posting of account
agreements. The final rule also
regulates overdraft credit features that may be offered in conjunction with
prepaid accounts.

The Bureau is amending several mortgage servicing rules
under Regulations X and Z, including provisions regarding loss mitigation,
early intervention, and periodic statements. The final rule also
addresses successors in interest, debtors in bankruptcy, and borrowers who send
a cease communication request under the Fair Debt Collection Practices Act.

The Bureau is issuing this interpretive rule to clarify the
interaction of the FDCPA and certain mortgage servicing rules in Regulations X
and Z. It provides safe harbors from FDCPA liability for servicers under
certain circumstances.

Title X of the Dodd-Frank Act transferred rulemaking authority for
certain consumer financial protection laws to the Bureau. The Bureau republished the existing
regulations implementing those laws as interim final rules, with technical and
conforming changes to reflect the transfer of authority and certain other
changes made by the Dodd-Frank Act. This final rule adopts those rules as final, subject to any intervening
final rules published by the Bureau.

The Bureau is amending Regulations J and L to
permit the electronic submission of filings under the Interstate Land Sales
Full Disclosure Act. The Bureau is also
making non-substantive corrections to regulatory and statutory citations and
other technical changes to Regulations J and L.

On June 29, 2012, the Consumer Financial Protection Bureau (Bureau) published in the Federal Register an interim final rule implementing the Equal Access to Justice Act (EAJA or the Act). EAJA requires agencies that conduct adversary adjudications to award attorney fees and other litigation expenses to certain parties other than the United States in certain circumstances. EAJA also requires agencies that conduct adversary adjudications to establish procedures for the submission and consideration of applications for the award of fees and other expenses.

The rule implements statutory changes made by the Dodd-Frank Act that lengthen the time for which a mandatory escrow account established for a higher-priced mortgage loan must be maintained. The rule also exempts certain transactions from the statute’s escrow requirement.

This final rule establishes procedures for the public to obtain information from the Bureau of Consumer Financial Protection, under the Freedom of Information Act, the Privacy Act of 1974, and in legal proceedings. This final rule also establishes the Bureau's rule regarding the confidential treatment of information obtained from persons in connection with the exercise of its authorities under Federal consumer financial law.

The Bureau of Consumer Financial Protection (Bureau) is amending Regulation Z (Truth in Lending) to, in effect, delay implementation of certain new mortgage disclosure requirements in title XIV of the Dodd-Frank Wall Street Reform and Consumer Protection Act that would otherwise take effect on January 21, 2013.